stuff and tries to make real profits that's that's that's the host hosting this parasite called jamie diamond goldman sachs you know the hedge fund industry blackstone the money management sector you know they're essentially a cancer in the cancer is growing quite rapidly and eventually the host will be killed and then the cancer will die as well but not before it kills the host city michael hudson's book killing the host we've talked over and over about the cantillon a fact and our economy is no longer you know our. titian's fiscal policy trade policy industrial policy no longer is ever even discussed it's all monetary policy and when you do monetary policy the only way the central bank can operate and try to help the economy is to print money and the only people they can give it to are those bankers and those bankers get it for a zero percent by the time it trickles down fifteen to twenty percent on a credit card for example for the ordinary person so they get all the tainted money with tainted with fraud and leverage but again here so the real economy donald trump has all these trade wars

how significant is it when a guy like jamie diamond is talking about it.ss you force a company's hand, they don't have to. it's not what their model is. >> yeah. people will always serve their own interests. jamie diamond and a lot of thoughtful people will talk about income inequality. they're not going to disarm unilater unilaterally. the government has a role. if we continue an environment with where we continue the upward spiral of the 1%, at some point it's human nature, and we've seen this throughout history. when you have 27 people worth more than the entire wealth of the southern hemisphere, at some point the population of billions of people decides to figure out a way to double their income by either revolution or taking the wealthiest land away. to a certain extent, the top 1%'s call for addressing this issue is just self-preservation. our economy and societies are on the verge of what i would think of as sort of a soft revolution. whether it's the shaming of the parents or the immunities against big techs. >> the shaming of the parents and the p

jamie diamond created.whenever i want someone to stop doing something i don't like all i got to do is play mereology music. to me. themselves made their mark in the fight for reform to win last summer prisoners nationwide went on strike for three weeks to protest modern day slavery which is perfect for private companies trying to save money like those whose customer call centers use prison labor instead of outsourcing their call centers overseas even the bureau of prisons federal prison industries called the use of inmate labor the best kept secret in contact centers well the one thing we can agree on is it's best if this was kept a secret. but now i know and i can't see it so i guess who ever thought revealing this was a good idea also spends time explaining magic tricks and ruining cookouts by revealing what hot dogs are made out of. in arkansas where prisoners still work for free state lawmakers took notice and sought a constitutional amendment last month to ban forced inmate labor states like florida so

were no victims well what the parents of these students are saying is that well you never put jamie diamond in jail you never put lloyd blankfein in jail who you know put wells fargo in jail a bank of america and joe wright there's no there's obviously no law in america if you you pay five will pay the fine just like the banks pay the fine how can you dare now accuse us of committing a crime and not apply the same standard to all these white collar crooks on wall street right so it's not just about the underprivileged saying there's a two tier society and two tier law system i know the younger the poor and in america right now the original america are saying there's that why should we be as lawless as the bankers but that's what the out warrant this is why we're in the situation we are now past that warning that if you have corrupt people at top it trickles down the entire economy becomes corrupt everybody is going to bribe to get ahead. right and that their way they are around it is to introduce sound money they have to have sound money have to have gold as a coin as your unit of account a

you didn't say jamie diamond. isn't it hypocritical that democrats are saying down with tech?ryl sandberg would be president. >> t trit's true. i don't know if it's hypocritical, it's not like obama is saying split up big tech. there's a feeling that the people want the free flow of information without any of the damage that has been created through privacy leaks and interference and things like that. voters can want their cake and eat it too. and this may be one of those situations. >> let's talk about what beto o'roarke is going to do now. more hints he's getting closer. he's talking to his family. we know this documentary came out. he said he was going to make a decision by the end of february. i guess that decision is living in his head. it hasn't been communicated out of his mouth. is he losing momentum? >> i feel like watching beto play around remind me of a friend of mine. she's 10 months pregnant now and any day now it could happen. and -- especially without driving it through policy. driving it just through the cult of personality is ultimately not going to necessaril

. >> it is at a premium to the other big banks on an earnings multiple >> that's because jamie diamondeir management team has done so much better over the last desad deca decade, you'll pay a premium to have a better management team. >> what about the investment banks? goldman sachs had a tough session yesterday. the trading environment doesn't look great ubs was talking about that yesterday. >> i think they're all buy here. anything financial related all at a discount to the market right now. i think all the economic expectations right now are a lot slower than we might see this year anywhere you're buying in the financial is a good buy. >> the fact they're at a discount to the market, historically over the last decade, banks have traded at about an 85% discount to the s&p 500 average, that in its own is not a reason to buy. >> true, you don't want to blindly buy but the context of the banks right now more than ever, we're projecting interest rates at the lowest point. the fed three months ago said they're going to raise interest rates twice and now not at all who says by the end of t

jamie diamond has moved to aoc, nancy pelosi has moved to aoc.: she is on the cover of "time" magazine. >> that must be the worst thing that happened to her this week. >> jon: she and her generation has never seen prosperity. >> i had grandparents who didn't have indoor plumbing until the late 1970s. she may want more prosperity but she is seen it. take a trip somewhere outside this country. >> sandra: you'll talk more about this on your show. >> jon: the 2020 democratic shoulder given the cold shoulder to aipac to boycott the pro israel's -- >> sandra: the waiting game for the mueller report is on. our headliner democratic congressman hakeem jeffries takes on both of those stories for us and more next. >> may justice be done and the heavens fall. i hope most of my fellow citizens will say let's wait until mueller issues his report. -i call it my comfortable future plan. -it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪ -find your certified financial planner™ professional at let

morgan president jamie diamond. >> what is your acts to aoc jamie dimon told cnn, i don't worry about can she does event do it widestly. >> jpmorgan agreed to pay out 13 billion dollars for massive role in mortgage schemes with 2008 recession, also financed major fossil fuel pipelines big money maybe they are not best authority on prioring economic well-being of every day people on the planet, no comment on the fact that j.p. morgan acquired some of the companies within the financial services sector and saved the entire situation, because those companies would have gone bankrupt gone out of business made the situation worse your reaction. >> i think the green new deal is dead on arrival even mainstream democrats are beginning to run from it. it is just a situation, that costs far tuesday much could never be implemented in the united states the real danger that democrats on far lefting touting this as something that is actually something that might be a potentially viable system for the united states. it is not going to be implemented it will never worked. let's face it. i believe in f

one of the big things that jamie diamond was talking about ceo of morgan stanley yesterday the average the country are making $15 an hour. do those stats line up with people you know? >> not really it depends on where you go for average american. if you are going for people with full-time employment with full-time jobs. go back to trade jobs. they pay more than $15 an hour to start. and those people can't afford $400 bills. brian: in newark, new jersey, they are talking about a guaranteed wage. $400 a week for not working because have you got to break the cycle of poverty. >> yeah. i'm thought a fan of that right now. i think that it will force employers to end up, you know, taking more out of their pockets to cover everything. and then they won't be able to do it. brian: i don't know where they are going to get the money from in newark, new jersey. thanks so much. i will go and greet this family of the great to see you. i saw you with janice yesterday on the weather plaza. what's your name? >> ease ton. brian: is it true your parents have fox news on all the time? >> yes. >> what does